India, Aug. 23 -- Bengaluru-based used two-wheeler marketplace BeepKart has shut its operations, marking the end of a four-year journey that once promised to redefine India's pre-owned two-wheeler market.

A statement on the startup's website says, "As always, BeepKart remains fully committed to supporting our existing customers. Thank you for being a part of the BeepKart journey."

A source told Inc42 that the startup shut its operations about 15 days ago.

BeepKart's cofounders Hemir Doshi and Abhishek Saraf didn't respond to Inc42 queries on the development. The story would be updated on receiving a response.

This comes over a month after Inc42 reported that BeepKart shuttered its Chennai operations and laid off its entire team in the...